Cooks Global Foods (Cooks) is pleased to advise it has today completed the acquisitions of Franchise Development Limited, Esquires Coffee (UK) Limited, Esquires Coffee Houses Ireland Limited and the business and assets of Progressive Processors Limited. The acquisitions have been completed in accordance with the terms of the shareholder approval obtained on 1 October.
In addition Cooks has today:
Issued approximately 23.4 million new shares to capitalise debts of approximately $3.5 million.
Full particulars of these transactions are set out in the notice of meeting announced to the market on 17 September 2013. Full particulars of the shares allotted today are set out below.
Cooks chairman Keith Jackson says completing these transactions is a significant milestone.
“We now have a strong platform from which to pursue growth. We have further potential acquisitions identified which we will now pursue with the expertise of our new Board and executive team.”